Special court to hear Satyam case

Image
BS Reporter Hyderabad
Last Updated : Jan 20 2013 | 12:15 AM IST

Earlier, CBI had written to the govt, requesting a special court to ensure speedy trial.

A special court will be set up in Hyderabad soon to try the Satyam Computer Services case. It will be headed by an additional chief metropolitan magistrate.

A decision to this effect was taken on Thursday at a cabinet meeting chaired by Chief Minister K Rosaiah. “The cabinet has approved the Central Bureau of Investigation (CBI) request, as well as the High Court recommendation,” a minister said after the meeting.

CBI, which took over the investigations of the multi-crore scandal in February this year, had earlier written to the government, requesting a special court to ensure speedy trial.

The Andhra Pradesh High Court, too, had recommended to the state government to consider a special court for the Satyam case, as the metropolitan magistrate and additional chief metropolitan magistrate courts had to deal with many other cases.

Satyam founder B Ramalinga Raju was arrested on January 7 after he confessed to inflating the balance sheet figures. CBI filed a chargesheet against Raju and other accused before the XIV additional chief metropolitan magistrate court on April 7. It is in the process of filing a second chargesheet shortly.

CBI said there were 433 witnesses, 1,532 documents and 62 material objects in the case. The initial chargesheet ran into 65,000 pages.

A division bench of the High Court had, three days ago, reserved orders on the CBI petition seeking permission to conduct a lie detector (polygraph) and F300 test (brain mapping) on Raju, former managing director Rama Raju and former chief financial officer Srinivas Vadlamani.

Raju is being treated at Nizam’s Institute of Medical Sciences since September, when he complained of chest pains.

On Wednesday, the high court dismissed the bail petition of Price Waterhouse auditor Srinivas Talluri, arrested on charges of conniving with Raju and other aides. The judge asked CBI to frame the charges against the accused in a month and begin the trial in two months, failing which, the accused would be eligible to renew their bail pleas.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 30 2009 | 12:54 AM IST

Next Story